Weekly Market Wrap | 27 May 2023
#AIEffect #SingaporeGrowth #USJoblessClaims
Topic #1: The AI Effect on S&P500
S&P500 with and without AI Stocks (Till March 17) (Source: Societe Generale)
While the S&P 500 appears to owe its gains this year to the success of Apple and other tech giants, a closer look reveals that without the emergence of artificial...
Nvidia Shares Spike 24% as Company Eyes Trillion AI Opportunity
Was Nvidia’s Q1 results an inflection point for the company?
To be sure it was a blowout quarter, with the chipmaker reporting beats on the top and bottom lines, as well as guiding for Q2 revenue significantly ahead of prior expectations.
Nvidia Share Price Surges
Investors responded incredibly bullishly to the release...
Weekly Market Wrap | 20 May 2023
#ChinaProduction #Newmont_Newcrest #SIA_Results
Topic #1: China’s economic data misses expectation
China Industrial Production (Source: TRADINGECONOMICS.COM)
What happened?
China's economic data for April fell short of expectations, highlighting the country's uneven path to recovery from the impact of stringent Covid-19 restrictions. Industrial production in April grew by 5.6% year-on-year, lower than the 10.9% predicted...
Weekly Market Wrap | 13 May 2023
#USInflation #BNBResults #AusSurplus
Topic #1: US Inflation slips to the lowest level since 2021
US monthly inflation levels
What happened?
Inflation in the United States has slowed to its lowest rate in two years, according to the Consumer Price Index (CPI). The CPI index, which measures the cost of a basket of goods...
Weekly Market Wrap | 6 May 2023
#RateHike #AppleResults #FirstRepublicBank
Topic #1: Fed increases rates by another 25 bps
Fed interest rate decision chart with actual and forecasted values
What happened?
The US Federal Reserve has raised interest rates by 0.25 percentage points, marking its 10th consecutive increase since March 2022. However, it also indicated that it may pause further...
Weekly Market Wrap | 29 April 2023
#TechEarnings #USGDP #PropertyTaxes
Topic #1: Tech Earnings beat expectations
Meta, Alphabet and Amazon price chart (Source: Google Finance)
On Thursday, strong quarterly results from tech giants Facebook parent Meta Platforms Inc, Alphabet Inc, and e-commerce giant Amazon.com Inc led a rally on Wall Street. The S&P 500 Communication Services Index saw its...
Weekly Market Wrap | 22 April 2023
#BankResults #ChinaGrowth #SamsungBing
Topic #1: Major banks release their Q1 results
Major US Banks return comparison in their earnings week (Source: Google Finance)
What happened?
Major US banks continue to report their earnings for the first quarter of 2023, with Bank of America and Bank of New York Mellon both reporting better-than-expected earnings...
Weekly Market Wrap | 15 April 2023
#USInflation #SingaporeGrowth #30KBitcoin
Topic #1: US Inflation fell to its lowest level in 2 years
Changes in prices (YoY) (Source: Financial Times, US Bureau of Labor Statistics)
The US Bureau of Labor Statistics has released the consumer price index data for March which increased by 5% year-on-year, a significant deceleration compared to...
Weekly Market Wrap | 8 April 2023
#OPECSupplyCuts #TeslaDeliveries #BRICSCurrency
Topic #1: OPEC+ announces surprise cuts in oil supply
On April 2, Saudi Arabia and other members of OPEC+ announced surprise oil production cuts of around 1.16 million barrels per day, in a move that made oil prices, like Brent Oil shore up over 4% on open. The...
Weekly Market Wrap | 1 April 2023
#NASQAQ_BullRun #BABASplit #LULUResults
Topic #1: NASDAQ surged into a new bull market after 3 years
NASDAQ price chart
The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of...
